Sale of Note and Warrant Sample Clauses
The "Sale of Note and Warrant" clause defines the terms under which a lender purchases both a promissory note and an accompanying warrant from the issuer. Typically, this clause specifies the purchase price, the amount of the note, and the rights attached to the warrant, such as the ability to purchase equity in the future. Its core function is to formalize the simultaneous issuance and sale of debt (the note) and an equity-linked instrument (the warrant), ensuring both parties are clear on the transaction structure and their respective rights and obligations.
Sale of Note and Warrant. Subject to the terms and conditions of this Agreement, at the Closing, the Company will sell, and the Purchaser will purchase, the Note and the Warrant.
Sale of Note and Warrant. The Company shall issue and sell to ----------- ------------------------ the Purchaser, and the Purchaser shall purchase from the Company, the Note and the Warrant by paying the Company the purchase price for the Note and the Warrant (the "Purchase Price"), which Purchase Price shall be $5,000,000 (the shares of Common Stock issuable upon the exercise of the Warrant are referred to herein as the "Warrant Shares" and the Note, the Warrant and the Warrant Shares, together with any other securities issued in substitution of, or exchange for, any of such securities are sometimes referred to herein, collectively, as the "Purchased Securities.")
Sale of Note and Warrant. Subject to the terms and conditions of this Agreement, the Seller hereby agrees to sell and deliver to the Company or one of its subsidiaries, and the Company hereby agrees to purchase the Note and the Warrant from the Seller.
Sale of Note and Warrant